Upper East Side Is Priciest Zip Code in America

Posted on Wed, 2012-10-17 10:42

When it comes to talking about the best neighborhoods to live in New York City, Manhattan’s Upper East Side neighborhood has consistently made an appearance in such discussions. If there was, however, any doubt on the exclusivity, grandeur and richness of the homes in the Upper East Side, then this particular news should serve to dispel any fears to the contrary. In Forbes’ annual list of America’s most expensive zip codes, this classic New York City enclave, with its 10065 zip code boasting a median home price of $6.5 million, has trumped other localities in the country to be called the most expensive neighborhood in America.

For most New Yorkers, this development may not be too surprising—in fact, we are certain that many will be asking why this honor didn’t come to the Upper East Side sooner! After all, Manhattan has been seeing a number of high profile home sales in the recent past, with buildings like One57 and 15 Central Park West commanding incredible asking prices. Interestingly enough, this is the first time one of New York City’s neighborhoods has topped the annual Forbes list. Last year’s priciest zip code 07620, which belonged to the New Jersey neighborhood of Alpine, was pushed to second place this time around, with its median home price declared to be $5.75 million.

Besides three neighborhoods (zip codes 10065, 10021, 10075) in the Upper East Side, Soho (zip code 10014) was the fourth Manhattan locality to make it into this high profile list. This again comes as no surprise—with plenty of both pre-war and new condos in the neighborhood, people have been very receptive to Soho offerings like Soho Mews, 40 Mercer and the Trump Soho Condominium Hotel. As a real estate executive told Forbes, Manhattan’s market is frothy right now, and Forbes claims that it is the low levels of inventory that have helped these New York City neighborhoods reach the top ten of this year’s list of America’s priciest zip codes.

Funnily enough, the Upper East Side neighborhood hasn’t yet seen its most expensive home yet—this will be the six-story townhouse being developed on 34 East 62nd Street, priced at a whopping $40 million. But even as this Preston Phillips designed building gets underway, the neighborhood already has many amazing—and expensive—homes to boast of, which house the likes of Rupert Murdoch, Ronald Perlman, David Rockefeller and other extremely wealthy figures. This Forbes article proves that, be it green condominiums like The Lucida or The Laurel, or be it pre-war conversions like The Mark and The Merritt House, luxury is easy to find on the Upper East Side.

Buildings Related to This Post

Legal Stuff!

The owner of this website is not a licensed real estate broker or representative of the buildings or apartments contained on the website. This website is strictly for informational purposes. There are no property listings on this website. Nothing contained on this website shall suggest the availability of a property or guarantee the accuracy of accompanying prices.

If you would like more information about a property, we will connect you with a real estate broker who will be able to give you more information about available apartments and schedule a showing.